BusinessDaily
2
CREDIBLE
RELIABLE
IN-DEPTH
friday - august 2, 2013
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776 Editor : Bong D. Fabe
Economy
Mining boosts Caraga’s economy in 2012 By Roel Catoto
SURIGAO CITY—The mining and quarrying sector buoyed Caraga Region’s economic performance last year, making it the second top performer among the country’s 17 regions in terms of total gross regional domestic product (GRDP).
Caraga posted a growth rate of 10.6 percent in 2012 or a 2.1-percent increase from its 2011 performance of 9.6 percent, Candido J. Astrologo Jr., director IV of the National Statistical Coordination B o a r d ( N C S B) t o l d MindaNews.
Mining and quarrying accounted for 21.9 percent of the regional economy last year, up from 20.1 percent in 2011. In 2010, the sector comprised 17.0 percent of the regional economy. In a statement, the NCSB na med t he Z a mboa nga mining/PAGE 10
SETUP allots P35-M for MSMEs in ZamPen
PAGADIAN CITY—The Department of Science and Technology –Small Enterprise Technology Upgrading Program (DOST-SETUP), one of the government’s poverty alleviation programs through technology transfer and commercialization. is making great waves in the lives of successful entrepreneurs, improving their lives and helping the community. A f lagship program of DOST towards a better Philippines, SETUP was launched in 2011 as a nationwide strategy to encourage and assist micro, small and medium enterprises (MSMEs) to adopt technology innovations thereby improve their operations and expand the reach of their businesses. Dr. Carol M. Yorobe, undersecretar y for Regional Operations, said that DOST Secretary Mario G. Montejo believes that local technology works using the creative mind of the Filipinos. He also endeavored to increase the budget of SETUP for countryside development. “When Sec. Montejo was chosen by President Benigno C. Aquino III to assume the post as DOST secretary, SETUP’s budget was only P70 million. Now it has ballooned to P500 Million for allots/PAGE 10
DEFICIENT. The access roads built by Bundok Mineral Resources Corporation (BMRC)at the exploration site in the mountains of Sitio Dakung Sabang were found by the Mines and Geosciences Bureau to be deficient. mindanews photo by vanessa l . almeda
DTI urges more investments in M’nao DAVAO C I T Y—Tr a d e a nd I n d u s t r y Un d e r s e c r e t a r y Ponciano C. Manalo, Jr. has called on investors to pour in their resources in Mindanao for it offers vast opportunities. Manalo, who is handling the Trade and Investment Promotions Group (TIPG) of the department, said during his recent visit in the city for the 1st Philippine Investment Conference (Phil
iCon) that Mindanao offers vast potentials for investments. Manalo added that Mindanao is a top investment priority for agriculture, agro-industrial food processing, manufacturing, and tourism. “As the saying goes, agriculture and Mindanao go together like horse and carriage,” he said. Mana lo identif ied a few dti/PAGE 10
MinBizCon’s top agenda for entrepreneurs DAVAO CITY—With Mindanao now i n t he “r ad a r of t he government,” problems of micro, small and medium enterprises (MSMEs) and farmers in accessing financing will be among the major issues up for discussion during the 22nd Mindanao Business Conference (MinBizCon) here, a business leader said. John Gaisano Jr., MinBizCon conference director, said that access to financial institutions has cropped up as among the
main concerns brought up in the series of consultations around the island a few months ago in preparation for this year’s MinBizCon. “The process of accessing loans with financial institutions will be addressed by the government to help MSMEs enhance their ventures,” he told MindaNews. “Based on our consultations with local business leaders, they have a general perception that agenda/PAGE 10
0917-7154399 088-856-8562/63
AMENITIES : ZORBIT * ATV * TREE TOP ADVENTURE BUGGY * BUNGEE * PICNIC GROUNDS PLAYGROUND * CAFE * LUGE * MINI GOLF ROOM ACCOMODATIONS